Latest News on Conglomerate
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Conglomerate - Total results - 9
Aug 27, 2017
South Korea divided over court's verdict on Samsung vice chairman, Jay Y. Lee's corruption scandalThe party chief expressed the hope that the case may act as an opportunity for Samsung to become a socially responsible company.
Mar 21, 2017
Softbank appoints Kabir Mishra to Snapdeal Board to support the companyJapanese conglomerate Softbank has appointed its most experienced e-commerce veteran Kabir Mishra to the Board of e-commerce firm Snapdeal to support the company.
Feb 17, 2017
South Korea Prosecutor arrests Samsung Chief Jay Y. Lee as corruption probe expandsSamsung Group chief Jay Y. Lee was arrested early on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the world's biggest maker of smartphones and memory chips.
Jan 16, 2017
Prosecutor is considering the economic impact of Samsung Chief's arrest on South Korean economySouth Korea's special prosecutor said on Sunday it will take into account the economic impact of whether to arrest Samsung Group leader Jay Y. Lee in connection with an influence-peddling investigation involving the president.
Jan 04, 2017
Toshiba shares fell as watchdog suspects misreporting of profits by $339.59 millionToshiba Corp shares fell more than five percent in early trade on Wednesday after media reported the security watchdog suspects the Japanese conglomerate of misreporting profits by 40 billion yen ($339.59 million) over three years.
Dec 06, 2016
Lee Jae-yong, Vice Chairman of Samsung Electronics refuted bribery accusationsSamsung Electronics Vice Chairman Lee Jae-yong on Tuesday denied bribery allegations over last year's controversial merger of two subsidiaries of the group which is South Korea's largest family-run conglomerate.
Oct 06, 2016
Activist investor Elliott's attempt to transform Samsung may push founding family to embrace changeSamsung Electronics Co shares jumped to a record high on Thursday after activist investor Elliott Management submitted unsolicited proposals for a radical corporate makeover at the world's biggest smartphone maker.
Feb 27, 2012
S Korea's main opposition demands economic democracyLee Yong-sup, head of the left-of-centre party's policy committee, told Reuters in an interview that it also planned to boost spending on the poor with higher taxes on the rich.
Apr 19, 2011
Why family business conglomerates will shrinkThey are still around only because of India's imperfections, where growth has been facilitated by cronyism, corruption, and easy money - usually somebody else's